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Musk says Tesla will no longer accept Bitcoin, cites environmental concerns

Musk says Tesla will no longer accept Bitcoin, cites environmental concerns

Elon Musk said Wednesday that Tesla has ’suspended vehicle purchases using bitcoin,’ out of concern over ’rapidly increasing use of fossil fuels for bitcoin mining.’ The price of bitcoin tumbled following the announcement. ’We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction,’ the company said. In February, Tesla revealed it bought $1.5B worth of bitcoin.

Phoenix 0 months

Could this be a fake excuse to cause a dip in Bitcoin, so he can buy more?

Coe Wall
Coe Wall 0 months

So if it's Bitcoin mining it's bad to burn fossil fuels for electricity but if it's for his electric cars it's fine, hypocrite

EliteWizard407 0 months

Not nearly as bad as the production process of lithium ion batteries that he uses in his vehicles.

Samuel 4 weeks

What’s ironic is most of Bitcoin miners use renewable energy to mine. In fact Bitcoin has the least environmental inpact amongst most other currencies in the world. His tweet mad no since since he isn’t selling he’s holding so if you have Bitcoin he’s basically saying hold or buy like hell

TexasReb 4 weeks

Awwwe! Musk care so much about the environment that he is launching rockets and space vehicles using carbon based fuel in extreme amounts. Bravo Elon Muskateer!

Mike Hunt
Mike Hunt 0 months

Musk is a complete m@ron. I have no idea why this foool gets so much media attention. He needs to be locked up in a padded cell.

Björn Westman
Björn Westman 0 months

So is it the electronic environment that they are concerned about?

peeweeherman 0 months

I think the real reason is because he wants to start accepting Dogecoin instead....

Tom 0 months

Can you say currency manipulation?

Phoenix 0 months

Thanks for causing a dip.

Alex 0 months

Yeah sure... And stripmining the metals for Tesla batteries is so environmentally friendly... 🙄

Greg 0 months

Does this guy realize how much he affects people’s pocketbook saying these crazy things? Can someone stop him?

david dindu
david dindu 4 weeks

He's pumping doge.... the people's currency

J “dr love” S
J “dr love” S 4 weeks

He's not wrong. If you add up everything that goes into mining a single coin (most of it done in China on fossil fuel) it's not worth it. I'm sure we've all seen the farms. Hogging up a lot of resources.

GB Oz 4 weeks

He is such a dumbass

Michael R
Michael R 4 weeks

A lot of things should be decentralized... But money? Helping the rich avoid taxes & funneling money to countries like North Korea, Iran ane China? No.

Chris 0 months

Every month, after the second week there is some big "bad news" for crypto, so whales can short it until the 27th. Then it goes up again. Every single month this year. Like clockwork.

Barry 0 months

And Bitcoin crash

E 0 months

The only rational investment in crypto is Polygon MATIC, Bitcoin is already redundant.

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